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nighthawk252 t1_jdxdd2m wrote

Reply to comment by kingofwale in [OC] What went wrong at Credit Suisse by giteam

I looked it up. Wikipedia says there were 2.

The first was flying out of Switzerland after a 3-day stay at a time when the country had mandatory 10-day quarantine.

The second was attending Wimbledon at a time where UK Covid rules required him to be in quarantine.

I think the spiciest one though is some unspecified “transgressions in his personal life” that he admitted to in 2016 and sent an email apologizing for to 75,000 employees.

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SomewhereAggressive8 t1_jdy4xw4 wrote

It sounds like they used COVID as a cover for what really was fireable.

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Lejeune_Dirichelet t1_jdzrpzs wrote

An article appeared in the FT before his dismissal reporting "rumors" that the chairman was the only intelligent and competent person in the company, and that the CEO especially had no formal education in finance (which wasn't true). I think everybody saw this as a move by the chairman to create public pressure on the CEO and to play office politics. So the bank got rid of him.

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